Rubber futures rose to a five-week high in Tokyo, extending
yesterday’s gain.

Hemaraj Land & Development Pcl (HEMRAJ TB), a developer of
industrial land, increased 3.3 percent to 2.52 baht, the highest
close since Aug. 3. Hemaraj will post “strong earnings growth”
in 2012 and 2013 after its six industrial estates were spared
from damage, Chanpen Sirithanarattanakul, an analyst at DBS
Vickers Securities (Thailand) Co., wrote in a note today.
Hemaraj’s industrial estates “are now preferred locations” for
manufacturers, Chanpen wrote.

IRPC Pcl (IRPC), a refiner and petrochemical producer,
added 6.2 percent to 4.48 baht, the first gain in five days. PTT
Pcl (PTT TB), Thailand’s biggest energy company and IRPC’s
largest shareholder, is studying the feasibility of buying an
additional 9.5 percent stake in IRPC from the Government Savings
Bank, it said in a regulatory filing. PTT increased 2.8 percent
to 330 baht, the most since Dec. 1.